By Leia Michele Toovey- Exclusive to Nickel Investing News This week, the base metals have remained range bound, waiting for cues from OPEC Decision, and the conclusion for the proposed auto bailout. After the Federal Reserve issued yet another rate cut that sent the dollar reeling, the base metals were steady. On India’s Multi Commodities Exchange [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel futures were bearish in trading on Wednesday on India’s Multi Commodity Exchange, the MCX. Nickel October contract was trading down 3.08 per cent at Rs 665 a kg as compared to its previous closing of Rs 686.10. While it opened at Rs 687.90 in the [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel prices tumbled more than 5 per cent on Monday as investors sold-off metals amid financial turmoil after Lehman Brothers filed for bankruptcy. The decline in the U.S. dollar failed to compensate for the Lehman instigated sell-off flurry. Analysts, however, are urging investors to sit tight [...]
Mirabela Nickel reportd that the company has received numerous bids for merger and takeover over the past year, however, company’s shareholders support project development by the company. Mr Craig Burton corporate director of Mirabela Nickel said: Over the past year, there has been regular contact but we want to bring the project into production ourselves. Click here for full news
Australian miner Mirabela will expand the nickel mine under development in Brazil to yield 40 percent more nickel after it commences operations next year. The company said: Under the plan, the crushing capacity of the ore treatment plant at the Santa Rita mine in northeastern Brazil’s Bahia state will be increased to 6.4 million tonnes [...]
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